Cities
Top 10 Austin Apartment Owners
The city’s economic, demographic and social trends have a magnetic effect on developers and investors alike. Even though investment activity has softened compared to last year’s cycle high, some $961 million in multifamily assets traded as of October.
BPDA Approves 541 New Units Across Boston
The approved development sites include 264 Huntington Ave., 75-85 Liverpool St. and 46 Hichborn St. in Brighton, as well as 256 Dorchester St in South Boston. The estimated investment cost is $486 million.
DC-Area Luxury Tower Tops Out
Gallery Bethesda II rises 17 stories and will provide 240,000 square feet of luxury apartments and ground-floor retail. The project was designed according to LEED Gold requirements.
Campus Advantage Appoints New CLO
In his new role, Dan Oltersdorf will oversee curriculum developments, while also establishing and implementing a variety of training approaches. The company also established a new Learning and Development department.
Hunt Provides $28M Acquisition Loan for PA Asset
The community is located in a residential neighborhood of Reading, Penn. Hunt obtained a favorable loan for the owner, tapping into Fannie Mae’s Green Rewards program.
Long Island Apartments Sell for $8M
Cushman & Wakefield represented the seller of three-story property, which was was built in 1959 and is located within walking distance of public transportation and retail options.
KWA Completes Dallas Smart Community
Digit 1919, a four-story community, features high-tech amenities such as app-controlled thermostats and live-feed wireless security cameras.
Steadfast REIT Invests $35M in Atlanta Community
Steadfast Apartment REIT III invested nearly $320 million in multifamily assets. The newly-acquired property will receive thorough interior and exterior renovations.
Glasshouse Breaks Ground in Pittsburgh
Station Square Apartments, located across the river from Pittsburgh’s central business district, is slated to feature 319 Class A units and ground-floor retail space.
$277M MD Portfolio Changes Hands
The four-asset NOAH portfolio brings Morgan Properties’ total multifamily investments to $1.2 billion and more than 8,600 units during the past year.